SoundHound AI (NASDAQ:SOUN) Shares Up 3.3% – What’s Next?

Shares of SoundHound AI, Inc. (NASDAQ:SOUN) rose 3.3% during mid-day trading on Monday . The company traded as high as $7.70 and last traded at $7.54. Approximately 44,540,815 shares traded hands during trading, an increase of 63% from the average daily volume of 27,281,221 shares. The stock had previously closed at $7.30.

More SoundHound AI News

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: Strategic partnership with ManpowerGroup’s Experis positions SoundHound to scale enterprise sales by embedding its conversational/agentic AI into Experis’ new Enterprise AI Services Suite — a distribution and services channel that could accelerate deployments and ARR growth. ManpowerGroup’s Experis and SoundHound AI Announce Strategic Partnership to Accelerate and Scale Enterprise AI Adoption
• Positive Sentiment: Product milestone — SoundHound showcased an on-device, multimodal (voice+vision) agentic automotive platform at NVIDIA GTC, claiming a first-mover edge for private, low-latency in-car assistants; this strengthens SOUN’s TAM with auto OEMs and supports future licensing/edge-deployment revenue. SoundHound AI’s On Device Auto Platform Debut And What It Means For SOUN
• Neutral Sentiment: Analyst and media pieces highlight strong revenue growth and the company’s automation use cases but note execution risks; coverage is mixed—acknowledging upside from enterprise adoption while flagging competition and margin pressure. SOUN’s AI-Driven Automation: The Future of Customer Service?
• Negative Sentiment: Leadership risk — CFO Nitesh Sharan will leave on April 3 to join a quantum computing company. Sudden CFO turnover can spur short-term uncertainty around financial execution, IPO/spend discipline, and investor confidence until a successor is named. SoundHound AI Announces CFO Transition

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. HC Wainwright lowered their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a report on Thursday, December 18th. Cantor Fitzgerald upgraded SoundHound AI from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $15.00 in a research note on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SoundHound AI in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.

SoundHound AI Price Performance

The stock has a market capitalization of $3.10 billion, a PE ratio of -147.77 and a beta of 2.65. The business’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $12.44.

SoundHound AI (NASDAQ:SOUN) last released its earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). SoundHound AI had a negative return on equity of 3.63% and a negative net margin of 8.71%.The firm had revenue of $55.06 million for the quarter, compared to the consensus estimate of $53.88 million. During the same period in the prior year, the firm earned ($0.05) EPS. The firm’s revenue was up 59.4% on a year-over-year basis. As a group, equities research analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Transactions at SoundHound AI

In related news, insider James Ming Hom sold 42,600 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $480,528.00. Following the transaction, the insider owned 803,383 shares in the company, valued at approximately $9,062,160.24. This represents a 5.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keyvan Mohajer sold 144,326 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $11.28, for a total transaction of $1,627,997.28. Following the completion of the transaction, the chief executive officer owned 2,198,287 shares in the company, valued at approximately $24,796,677.36. This trade represents a 6.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 460,922 shares of company stock valued at $5,199,073. 9.17% of the stock is owned by company insiders.

Institutional Trading of SoundHound AI

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of SoundHound AI by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 45,367,437 shares of the company’s stock worth $452,313,000 after acquiring an additional 1,909,868 shares during the period. Geode Capital Management LLC boosted its holdings in SoundHound AI by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company’s stock valued at $91,543,000 after purchasing an additional 273,097 shares during the last quarter. Morgan Stanley boosted its holdings in SoundHound AI by 48.1% in the fourth quarter. Morgan Stanley now owns 8,987,522 shares of the company’s stock valued at $89,606,000 after purchasing an additional 2,917,280 shares during the last quarter. State Street Corp grew its position in SoundHound AI by 0.9% during the 4th quarter. State Street Corp now owns 8,691,235 shares of the company’s stock worth $86,652,000 after purchasing an additional 80,908 shares during the period. Finally, UBS Group AG grew its position in SoundHound AI by 77.6% during the 4th quarter. UBS Group AG now owns 6,124,283 shares of the company’s stock worth $61,059,000 after purchasing an additional 2,676,707 shares during the period. 19.28% of the stock is currently owned by institutional investors and hedge funds.

About SoundHound AI

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.